Cryptocurrency Analysis and News Portal
A report released by major crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility.In the report published on June 30, the exchange explained that its Binance Sentry risk investigation service observed reports of fraudulent investment schemes promising quick or exponential returns on cryptocurrency investments. The frauds
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Millions of people worldwide have received sextortion scam emails in 2020 asking for bitcoin. These bitcoin sextortion schemes sometimes include recipients’ passwords to make the threat more real. The authorities have advised what to do if you receive a bitcoin sextortion email.Bitcoin Sextortion Scams Proliferate GloballyThe number of people
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The number of bitcoin email scams has been growing in 2020 and the authorities in several countries have warned of new blackmail tactics used in threatening email scams asking for bitcoin. As the world scrambles to cope with the coronavirus pandemic and economic crisis, email scams are taking advantage of
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Bolstered by the new coronavirus pandemic, scams continue to be rampant in the cryptocurrency world. From malware to fake investment programs and even fake donations to health organizations, scammers are known for taking advantage of desperate times and desperate people. One of the most prominent scams in the industry, PlusToken,
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Facebook and Instagram filed suit against a user who, they allege, operated a cloaking service that allowed ads for a range of scams to slip through the advertisement reviews for both platforms.Facebook’s accusations and request for reliefIn a civil complaint filed with a federal court in San Francisco on
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We are supporting businesses eager to stay in touch with customers during the Covid-19 pandemic. The ICO can help businesses use people’s
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United States derivatives markets regulator, the Commodity Futures Trading Commission (CFTC), has joined the list of global authorities warning the public against cryptocurrency scammers trying to capitalize on the widespread coronavirus fears.In a statement issued on March 19, the CFTC highlighted that fraudsters commonly use major news events like
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The United Kingdom’s Financial Conduct Authority (FCA) is asking investors to watch out for coronavirus-related crypto scams.In a March 11 warning to the public, FCA, the U.K’s top financial regulator, said that scammers may attempt to take advantage of the fast-spiraling global pandemic which has infected some 460 U.K. residents
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Cryptocurrency scams in 2019 were more risky for U.S. residents than fraud involving romance or payments.That's the conclusion of a report released last week by the Better Business Bureau (BBB), a nonprofit organization focused on marketplace trust. The report found an average dollar loss in crypto-focused fraud of $3,000 for
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A report published by the Better Business Bureau (BBB) says that cryptocurrency-related scams are continually growing, becoming the second most risky of 2019 among North Americans.According to research from trust-gauging organization published on March 2nd, scams averaged about $3,000 in losses for businesses and charities within Canada and the
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